Goldman Sachs Group Upgrades Groupon (GRPN) to Neutral
Groupon (NASDAQ:GRPN) was upgraded by analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report issued on Wednesday, The Fly reports.
Other analysts have also recently issued reports about the company. DA Davidson reaffirmed a “buy” rating on shares of Groupon in a research report on Thursday, November 30th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $6.25 price objective (up from $5.50) on shares of Groupon in a research report on Wednesday, November 1st. Vetr raised Groupon from a “strong sell” rating to a “sell” rating and set a $5.14 price objective for the company in a research report on Tuesday, November 7th. TheStreet raised Groupon from a “d” rating to a “c-” rating in a research report on Thursday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $6.30 price objective on shares of Groupon in a research report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Groupon currently has an average rating of “Hold” and a consensus price target of $5.02.
Shares of Groupon (GRPN) opened at $5.03 on Wednesday. Groupon has a 52-week low of $2.90 and a 52-week high of $5.99. The stock has a market capitalization of $2,853.44, a P/E ratio of -33.53, a PEG ratio of 26.89 and a beta of 1.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86.
Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The company had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. During the same period last year, the firm posted ($0.01) earnings per share. The business’s revenue was down 7.6% on a year-over-year basis. sell-side analysts anticipate that Groupon will post -0.02 EPS for the current year.
In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total transaction of $8,655,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total value of $132,250.00. Following the transaction, the insider now owns 350,919 shares in the company, valued at approximately $1,856,361.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,545,000 shares of company stock worth $8,901,450. Corporate insiders own 23.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Leonard Capital Management Inc bought a new position in Groupon during the 4th quarter worth $3,070,000. Renaissance Technologies LLC increased its stake in Groupon by 1.9% during the 1st quarter. Renaissance Technologies LLC now owns 12,645,900 shares of the coupon company’s stock worth $50,457,000 after acquiring an additional 240,700 shares during the period. Sumitomo Mitsui Asset Management Company LTD bought a new position in Groupon during the 3rd quarter worth $30,647,000. J. Goldman & Company increased its stake in Groupon by 102.4% during the 3rd quarter. J. Goldman & Company now owns 8,480 shares of the coupon company’s stock worth $28,000 after acquiring an additional 4,291 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Groupon by 16.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,501,793 shares of the coupon company’s stock worth $4,611,000 after acquiring an additional 216,474 shares during the period. Hedge funds and other institutional investors own 60.01% of the company’s stock.
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Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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